Axis Capital Announces Quarterly Dividend
Bermuda-based Axis Capital announced a quarterly dividend today [Dec. 17] with investors of record on Monday, December 31 to be paid a dividend of $0.25 per share on Tuesday, January 15.
This represents a $1.00 annualised dividend and a dividend yield of 2.81 per cent.
A number of analysts have recently weighed in on Axis shares. Analysts at Goldman Sachs initiated coverage on shares of Axis Capital in a research note to investors on Thursday. They set a “buy” rating and a $43.00 price target on the stock.
On a related note, analysts at Zacks upgraded shares of Axis Capital from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, November 23rd. They now have a $42 price target on the stock.
Finally, analysts at Evercore Partners downgraded shares of Axis Capital from an “overweight” rating to an “equal weight” rating in a research note to investors on Friday, September 28th.
Axis Capital traded up 0.59 per cent on Monday, hitting $35.81. Axis Capital has a one-year low of $30.35 and a one-year high of $38.80. The company has a market cap of $4.377 billion and a price-to-earnings ratio of 7.86.
Axis Capital last announced its earnings results on October 31. The company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.55. The company’s revenue for the quarter was up 7.4 per cent on a year-over-year basis. On average, analysts predict that Axis Capital will post $3.51 earnings per share for the current fiscal year.
Axis Capital is the Bermuda-based holding company for the AXIS Group of Companies.
